If you're looking for a great price, a spotless room which is characterful, comfortable and in a great location then you can't go wrong here!
We found the place by complete chance - another restauranteer, who was closed that night, pointed us to the Vecchie Mura restaurant and, while we were having dinner, we noticed the 3 relatively newly refurbished rooms for rent so grabbed one there and then.
Current price is 60 Euro per night (as of April 08). Room 1 is best from a views perspective but is also slightly nosier than Rooms 2 and 3, although once it's past around 10pm at night, the restaurant kitchen quietens down and you're left in silence. We stayed off peak so it was a pretty secluded town in the night anyway, but even on peak we wouldn't expect the rooms to be overly noisy.
For the record, we reckon the restaurant downstairs is one of the best in the village too - great pastas and steaks!
A few tips - while the rooms are as nicely done out as many 3 star hotels we've stayed at in Italy, the facilities are basic. There's a small TV (forget Cable!) and there was no hairdryer or showergel etc in the bathroom. Parking is available but it's across the other side of town (you can't park in San Gimignano itself wherever you stay apparently). It's maybe a 7 min walk so no biggie. Just worth being aware so you can come prepared - it certainly wouldn't stop us recommending it or going back.
This review is the subjective opinion of a TripAdvisor member and not of TripAdvisor LLC.